Friday, April 23, 2010

April 19-23: Dow, NASDAQ Up; Solar Slips


Blue chips' streak best since 2004

Major indexes continued to climb this week. The Dow went up nearly 186 points from last Friday to finish at 11204.28, a 1.7% gain. NASDAQ chimed in with a 49 point surge to end at 2530.15, up 1.9%. The composite 20 Solar Stocks Index fell 4 points to 410.95, off 1.9%, but 13 gained.

Canadian Solar was the biggest loser finishing 3.77 points off from last Friday. The panel maker announced that it expects to incur a material net foreign exchange loss for the first quarter, estimated at $18 million to $20 million pre-tax, due to the significant depreciation of the Euro against the U.S. dollar during the quarter.

As reported by RTT News, CSI now expects PV module shipments in the first quarter of 2010 to be approximately 189 MW to 191 MW, with gross margins at 13% to 13.5%. This compares to prior expectations for shipments of approximately 180 MW to 190 MW and gross margin in the mid-teens.

20 Solar Stocks Index Week of April 19-23, 2010

Monday Open Friday Close Up/Down % Change Close 1/5/09* Close 3/6/09**
Dow Jones DJIA 11018.66 11204.28 +185.62 +.1.684% 8952.89 6626.95
NASDAQ 2481.26 2530.15 +48.89 +1.970 1628.03 1293.85






Akeena Solar AKNS 1.05 1.14 +.09 +8.571 2.28 .61
Amtel Systems ASYS 9.89 9.95 +.06 +.6066 4.00 2.73
Applied Materials AMAT 14.36 14.47 +.11 +.7660 10.67 8.70
Canadian Solar CSIQ 22.09 18.32 -3.77 -20.57 7.00 3.0601
ECD (UniSolar) ENER 7.23 7.53 +.30 +4.149 29.33 17.45
Entech Solar ENSL.OB .1350 15.00 +.0150 +15.38 .28 .23
Evergreen Solar ESLR 1.12 1.20 +.08 +7.142 3.60 1.03
First Solar FSLR 134.32 133.87 -.45 -.3361 157.80 108.49
GT Solar Int. SOLR 5.64 5.65 +.01 +.1773 4.00 4.02
JA Solar JASO 5.85 6.08 +.23 +3.931 5.09 1.91
Kyocera KYO 100.53 98.79 -1.74 -1.761 71.87 54.21
LDK Solar LDK 7.76 8.00 +.24 +3.092 14.84 4.40
MEMC Elect. WFR 16.25 15.82 -.42 -2.718 15.76 13.68
Renesola SOL 6.33 7.34 +1.01 +15.95 5.15 2.1201
Satcon SATC 2.79 2.82 +.03 +1.075 1.60 1.23
SolarFun SOLF 8.34 8.74 +.40 +4.796 6.12 2.30
SunPower SPWRA 18.29 18.22 -.07 +.6050 45.13 23.39
SunTech STP 14.43 14.08 -.35 -2.485 13.55 5.34
Trina Solar TSL 26.06 25.67 -.39 -1.519 10.09 7.23
Yingli YGE 12.86 13.11 +.25 +1.944 7.25 3.888
20SSI Weekly Cumulative: Previous 415.33 Current 410.95 Change -4.38/-1.07% Avg Stock +1.93% 1/05/09* 415.41 3/06/09** 266.01
* The starting date of the 20 Solar Stock Index (20SSI).
** The Concensus "new" bull market began on Monday, March 9, 2009.
NOTE: All above stocks have market capitalization of $100M+ except Akeena Solar, Amtel Systems
and Entech Solar. This listing is strictly informational and implies neither endorsement or disapproval
of any stock listed. Comments and suggestions are always welcome.


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